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DebtFreeLeague.com Review Video: Offer in Compromise Tax Settlement Gives Superior Tax Relief
Besides paying interest and penalties on back taxes, delinquent taxpayers can face criminal prosecution by the IRS. But, www.DebtFreeLeague.com Review Video backs Offer in Compromise tax settlement as a top solution for overdue tax debt.
Recognized as The Debt Relief Specialist, DebtFreeLeague.com ( http://www.debtfreeleague.com/)
In October 22, David Lawrence Larsen, of Kalona, Iowa pleaded guilty to the willful failure to file an income tax return since 1996. The property developer also deliberately failed to file a 2006 income tax return on roughly $275,000 of business income. Larsen, who is facing sentencing, may get the maximum penalty for the willful failure to file an income tax return of up to 1 year in prison, a fine not to exceed $100,000, or both.
Also in October, Paul J. Loch, an Exeter, New Hampshire chiropractor was sentenced to 24 months in prison. He was also ordered to pay $240,000 in restitution to the IRS for evading payment of his 1996 and 1997 individual income taxes.
Dealing with the IRS on a delinquent income tax return can lead to a nasty wage garnishment or as shown in DebtFreeLeague.com video below, an embarrassing property seizure. But, Eric Santacruz, Vice President of Debt FreeLeague.com claims that people can successfully settle severely overdue income taxes with the IRS.
A top recommended solution is an Offer in Compromise tax settlement.
“A great tax settlement option is the IRS offers an Offer in Compromise program, which helps people in a financial hardship to settle tax debt for pennies on the dollar”, attests, Santacruz.
The debt relief executive recommends the Offer in Compromise program as a practical method to get back in compliance to file and pay IRS income taxes. People that qualify for the program can also:
• Settle IRS tax debt for much less than owed
• Reduce IRS penalties
• Release an IRS tax lien
• Stop an IRS levy & seizure
• End an IRS wage garnishment
• Get help with an IRS audit
• Settle payroll taxes
WATCH WWW.DEBTFREELEAGUE.COM TAX RELIEF VIDEO: http://www.youtube.com/
(To learn more about the tax relief procedure, click here: http://www.debtfreeleague.com/
Note: Getting the IRS to approve an Offer in Compromise tax settlement isn’t a walk in the park. There are rigorous IRS requirements. For one, the taxpayer must be unable to pay the full tax liability.
Due to its complexities, professional assistance from a tax resolution specialist is also highly recommended.
The tax resolution specialist should know the tax codes and the proper steps to effectively process tax issues like the preparation of an Offer in Compromise tax settlement, tax payment plan, and tax penalty abatement.
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About Debt Free League.com: Known as The Debt Relief Specialist, the company provides a free debt evaluation and price comparison on various debt relief options, including debt settlement, tax debt reduction, debt consolidation, and bankruptcy. Their debt relief hotline at 1-800-213-9968 gives tax relief recommendations and facilitates placement in a tax resolution program for settling back taxes and resolving issues with unfiled IRS tax returns. Bilingual assistance is provided via their subsidiary, Libre de Deudas (http://www.sealibrededeudas.com).